. >> sources say late today in that meeting house speaker john boehner announced that house budget chairman paul ryan, the former vice presidential candidate is working on a plan to balance the budget in less than 10 years. that gives some reassurance to conservatives who are anxious about voting to authorize more debt, shep. >> shepard: democrats, mike, said they wanted a longer extension. what's the word from them on this proposal? >> well, the senate majority leader harry reid didn't fully embrace the house plan. he also didn't say no either. but over at the white house, well, they are saying the president would sign it. >> the bill still has to overcome some concerns expressed by members of the house and the senate before it can pass both chambers and reach the president's desk. if it does, and it reaches the president's desk, he would not stand in the way of the bill becoming law. >> if the president is not going to block it that would seem to add pressure on senator reid to take it up and act on it and that may force a budget to get done before long. shep? >> shepard: see what happens